Every single altcoin is crushed by Bitcoin’s gains, which shows that the long-awaited alt season is not on the horizon
Cover image via www.123rf.com
After its rapid surge to $11,500, Bitcoin (BTC) painted the whole cryptocurrency market green.
Ethereum (ETH), Ripple’s XRP, Bitcoin Cash (BCH) and other top altcoins have recorded minor modest gains.
Image by coin360.com
Still, Bitcoin remained the best-performing currency within the CoinMarketCap top 50 (along with Bitcoin diamond), which pushed its dominance to a whopping 67.6 percent.
Even Litecoin (LTC), which is expected to undergo reward halving on Aug. 5, only increased three percent compared to Bitcoin’s seven percent.
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Alex Dovbnya
Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.
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